In the latest trading session, the Dow Jones Industrial Average concluded with a decline of 0.29%, while the S&P 500 fell by 0.07%. The Nasdaq, known for its focus on technology stocks, remained unchanged with a variation of 0.0%.
Economists at Briefing.com described the day’s events as “a calm and uneventful day for the market” in an analytical note.
They explained the atmosphere: “Investors are eagerly anticipating an event over the weekend that could potentially influence market movements.”
The market’s attention is focused on an upcoming meeting in Geneva between U.S. Treasury Secretary Scott Bessent and Chinese Vice Minister He Lifeng. This meeting, scheduled for Saturday and Sunday, will center on the increased tariffs imposed by Donald Trump.
Trump has previously enacted several tariff increases, now totaling 145% on U.S. imports from China, adding to the existing tariffs.
In response, China imposed a 125% tariff on its imports from the U.S.
On Friday, Trump indicated that tariffs related to China were under consideration at 80%.
According to Jack Albin of Cresset, speaking to AFP, investors “anticipate a positive outcome but preferred not to take risks as the weekend approached.”
José Torres of Interactive Brokers noted in an analytical statement, “At present, we should not expect a swift resolution to the trade tensions between the U.S. and China.”
The market analyst further elaborated that the situation is expected to be characterized by “ups and downs as Washington and Beijing seek common ground while securing their own economic interests.”
The day was scarce in terms of economic indicators. Looking ahead, the Consumer Price Index is expected on Tuesday, followed by the Producer Price Index on Thursday.
